Goldman Sachs Asset Management, L.P.

Registered investment adviser · New York, NY · CRD #107738

Form ADV data as of 2026-09-01

Regulatory assets

$2.65 trillion

Total accounts

249,499

Employees

2,059

Disclosure events

Firm details

Website: https://www.petershillpartners.com
Telephone: 212-902-1000
SEC file number: 801-37591
Most recent Form ADV filing: 2026-08-21
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 9 disclosure questions answered Yes, covering 35 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Charged with a felony (past 10 years)
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)
Another regulator denied, suspended, or revoked a registration or restricted activity
A self-regulatory organization found a violation of its rules
An authorization to act as an attorney, accountant, or federal contractor was revoked or suspended

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$2.57 trillion
Non-discretionary regulatory assets under management	$79.17 billion
Total regulatory assets under management	$2.65 trillion
Discretionary accounts	235,257
Non-discretionary accounts	14,242
Total accounts	249,499
Regulatory assets under management attributable to non-U.S. persons	$448.23 billion

People

Total employees (excluding clerical)	2,059
Employees performing investment advisory functions (including research)	1,379
Employees who are registered representatives of a broker-dealer	1,120
Employees registered as investment adviser representatives with a state	2
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$748.89 billion
Clients for whom the firm has custody	2,473
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$421.71 billion
Clients for whom a related person has custody	27,155
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	Yes
Number of persons acting as qualified custodians for the firm's clients	52

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Performance-based feesOther

Advisory services offered

Portfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Educational seminars/workshops

Other business activities

Commodity pool operator or commodity trading advisor

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Registered municipal advisorRegistered security-based swap dealerCommodity pool operator or commodity trading advisorFutures commission merchantBanking or thrift institutionTrust companyInsurance company or agencyPension consultantSponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys securities from or sells securities to advisory clients (principal transactions)
Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Executes agency cross transactions involving advisory client securities
Recommends securities for which it serves as underwriter or general partner
Recommends securities in which it has another sales interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Receives soft dollar benefits
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	71,675	$32.19 billion
High net worth individuals	33,593	$334.83 billion
Banking or thrift institutions	Not reported	$1.77 billion
Investment companies	204	$777.26 billion
Business development companies	11	$29.07 billion
Pooled investment vehicles (other than investment companies and BDCs)	5,840	$703.56 billion
Pension and profit sharing plans (not the participants or government plans)	220	$268.98 billion
Charitable organizations	625	$24.69 billion
State or municipal government entities (including government pension plans)	7	$4.39 billion
Other investment advisers	122	$7.92 billion
Insurance companies	233	$215.32 billion
Sovereign wealth funds and foreign official institutions	7	$17.94 billion
Corporations or other businesses not listed above	3,559	$182.91 billion
Other	5,229	$48.08 billion